Real OC Politics

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Trump Blasts Bitcoin as ‘Scam’ That Threatens Dollar’s Role as Reserve Currency

Former President Donald Trump took Bitcoin into his crosshairs on Monday, calling the blockchain-based cryptocurrency a “scam” that threatens the greenback’s dominance as the world’s chief reserve currency. “Bitcoin, it just seems like a scam,” Trump told Fox Business’s Stu Varney in an interview. “I don’t like it because it’s another currency competing against the dollar … I want the dollar to be the currency of the world. That’s what I’ve always said,” Trump added. Trump in 2019 directed similarly harsh criticism against Bitcoin and other cryptocurrencies, writing on Twitter that he’s “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” The idea that Bitcoin’s utility as a currency is limited has been echoed by “Black Swan” author Nassim Nicholas Taleb, who told CNBC in an April interview that he was “fooled” into thinking it could be …

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